Bear Lake purchases Greenwood crown grant
Bear Lake Resources has signed an option agreement for the purchase of the C.O.D. Crown Grant claim in the Jewel Lake area of British Columbia’s Greenwood mining division. Bear Lake will pay J. A. San…
News
REPORT FROM CALGARY Echo Bay may have a new mine
Good gold camps do not die — they just keep on living through the discovery of new mines. Such is the case of the Republic gold camp in northern Washington State, immediately south of Grand Forks, B….
Mosquito gold mine may reopen
Rising gold prices could well put Mosquito Consolidated’s Mosquito Creek gold mine near Wells, B.C., back in action. An intermittent producer since it opened in 1980, the mine was closed in 1986. The …
VSE plans to start computerized trading early in ’88
Computerized trading is coming to the Vancouver Stock Exchange early this year. The exchange started to investigate automated trading over two years ago to keep pace with rapid changes in the securiti…
Battle Mountain’s income soars 78%
While stressing that the figures are preliminary and unaudited, Battle Mountain Gold Co. says it expects 1987 net income to be $48 million, or 73 cents per share. That’s up 78% from the $27 million, …
Duration high grade
A high grade drill intersection has been completed by Duration Mines and Locator Explorations on the company’s Theresa gold mine property near Longlac, Ont. Drilling from an underground station inters…
Toronto Stock Exchange N.T. Thin volumes follow collapse of New
Just when the first vestiges of a rally appeared to be emerging, the sheer nervousness of the market stopped the fledgling advance dead in its tracks. The New Year’s four- day rally, which saw 110 pts…
Neptune flow-through
Neptune Resources has completed a $2-million flow-through share financing which will fund the “immediate development on Neptune’s Colomac project,” in the Northwest Territories. The company is proceed…
Lenora Explorations makes new discovery
Lenora Explorations (len:tse) has announced that surface exploration diamond drilling has resulted in a new gold discovery on its Golden Harker project, located in Harker and Holloway twps., Ont. Indi…
Fleck commences Ireland venture
Vancouver-based Fleck Resources says it has started a joint venture exploration program with Westland Exploration in Ireland’s Carlingford region. According to Fleck director John McGoran, an explorat…
Montreal Exchange Belmoral- Yorbeau deal
“If at first you don’t succeed, try again,” appears to be the strategy being followed by Belmoral Mines of Toronto, which has announced it will spend $5 million on shares and warrants of junior-mining…
Belmoral taking over Yorbeau
Two Quebec-based companies that have had trouble living up to expectations during the past two years may have found a combination to benefit them both. Belmoral Mines, a profitable gold mining company…